Italy’s Saipem has signed an agreement to build a 450 megawatt (MW) offshore wind farm in the Adriatic Sea in northern Italy, the energy services group revealed.
Saipem has agreed with renewable energy companies AGNES and QINT’X to install 56 wind turbines at two sites off the coast of Italian port city Ravenna, it said in a statement.
The project’s contract value could be worth up to 600 million euros ($710 million) for Saipem, said a source close to the matter.
“Saipem plans to start a similar (wind) project in Sicily and in Sardinia,” said Mauro Piasere, chief operating officer of Saipem’s XSIGHT division, which offers engineering services for the renewables sector among others.
Saipem, a market leader in subsea exploration and construction, has been looking increasingly to offshore wind as part of a move to develop new lines of business to meet a growing client focus on green technologies.
Last year it signed an agreement with Abu Dhabi-based Plambeck Emirates to build a 500 MW floating wind farm off the cost of Saudi Arabia.
Updated 1100
Iran Conflict Adds €100m Pressure to Malta Energy Subsidies, but Deficit Path Unchanged: Finance Minister Clyde Caruana expects Malta to overshoot its energy and fuel sub...
“Economic volatility has become the norm and the disruption that businesses can find themselves facing is no longer a rarity but an inevitable operational hazard,” says By MARK SPITERI, ...
Updated 1100
Iran Conflict Adds €100m Pressure to Malta Energy Subsidies, but Deficit Path Unchanged: Finance Minister Clyde Caruana expects Malta to overshoot its energy and fuel sub...
Morning Briefing
Loan Repayment Dispute and Intimidation Claims Heard in CourtA court heard testimony from witnesses alleging that cars were handed over to Keith Pace as part of infor...
The European Parliament has called for stronger relations between the European Union and Canada, emphasising cooperation in security, trade, and multilateral coordination. In a resolutio...
European Commission President Ursula von der Leyen told the European Parliament today that in just ten days of conflict in the Middle East, fossil fuel imports have cost the EU an additi...
“Economic volatility has become the norm and the disruption that businesses can find themselves facing is no longer a rarity but an inevitable operational hazard,” says By MARK SPITERI, ...
Around 55% of workers across the European Union are exposed to climate-related risks such as extreme heat, air pollution, and UV radiation, according to figures published by the EU Parli...
“Economic volatility has become the norm and the disruption that businesses can find themselves facing is no longer a rarity but an inevitable operational hazard,” says By MARK SPITERI, ...
Around 55% of workers across the European Union are exposed to climate-related risks such as extreme heat, air pollution, and UV radiation, according to figures published by the EU Parli...
Malta Public Transport will be operating special services to facilitate travel for passengers attending the upcoming San Girgor Feast in Marsaxlokk and Festa Frawli in Mġarr, ensuring co...
Malta Public Transport announces a series of enhancements to its Night Bus network, aimed at improving service frequency and connectivity for its passengers. These changes, which include...
A tentative two-week ceasefire between the United States and Iran is showing signs of strain, amid renewed tensions in the Gulf and escalating violence in Lebanon. The agreement, reached...
US President Donald Trump has announced a two-week suspension of US attacks on Iran, describing it as part of an interim truce effort and crediting Pakistan for facilitating the move.
...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
María Corina Machado is a prominent figure in Venezuela’s opposition. She has reported that one of her closest associates, Juan Pablo Guanipa, was abducted. This occurred mere hours afte...
Ukraine and Russia are moving towards a potential deal to end the war, Bloomberg News reported, citing the top aide to Ukrainian President Volodymyr Zelenskiy.
Kyrylo Budanov, a form...
Ukrainian President Volodymyr Zelenskiy said on Wednesday he welcomed the ceasefire between the U.S. and Iran, adding that Kyiv was ready to "respond in kind" if Moscow ceased strikes....
